[UPDATE] This article was updated on 8/13 to include a statement from the FHFA. Refinance mortgage loans sold to Fannie Mae and Freddie Mac after Sept. 1 will include a new adverse-market refinance fee of 0.5%, the two government sponsored enterprises announced Wednesday night. This fee will be assessed for both cash-out and no-cash-out refinances. […more]
Posted in: San Francisco
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